Coinsilium Group Limited Announces Unaudited Consolidated Interim Financial Results for H1 2024

Coinsilium Group Limited, a Web3 investor, advisor, and venture builder, has released its unaudited consolidated interim financial statements for the six months ending 30 June 2024. The company reported a revenue decrease to £3,000, a notable drop from £56,417 in H1 2023. However, profit from continuing operations swung to £29,545 from a prior loss of £104,247.

Coinsilium's cash and cash equivalents stood at £429,581, down from £608,355, while net fair value gain on financial assets rose to £336,160. Its available-for-sale financial assets saw an increase to £2.5 million, supported by positive movements in cryptocurrency holdings. No dividends were declared during the period.

Corporate highlights include a new agreement with LC Lite for strategic advisory services and a partnership with Liteflow for Web3 collaboration, focusing on providing financial backing and advisory services to companies navigating the Web3 space.